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Home  arrow Student Resources  arrow Chapter 10: Real GDP and the Price Level in the Long Run  arrow Quizzes  arrow Quiz 3

Quiz 3

This activity contains 10 questions.

Question 1.
Which of the following will generate an increase in aggregate demand?

End of Question 1

Question 2.
Other things remaining equal, an increase in aggregate demand will:

End of Question 2

Question 3.
The aggregate demand curve

End of Question 3

Question 4.
"If the price level increases in the United States relative to Canada, then American consumers will buy more Canadian goods and fewer American goods." This statement describes:

End of Question 4

Question 5.
Consider this statement: "Persistent inflation in a growing economy is possible only if the aggregate demand curve shifts rightward over time at a faster pace than the rightward progression of the long-run aggregate supply curve." This statement is describing:

End of Question 5

Question 6.
The long-run aggregate supply curve:

End of Question 6

Question 7.
Other things being equal, a rise in the real interest rate in America can be expected to:

End of Question 7

Question 8.
The real balance effect indicates that:

End of Question 8

Question 9.
The long-run equilibrium of an economy occurs:

End of Question 9

Question 10.
Increased security about jobs and future income will:

End of Question 10

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